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Dec 15, 2012
12/12
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>> it is part of the fiscal cliff. the obamacare tax increases kick in next year. whether dividends, investment income why do we want to tax people investing? that is what we want. it is the wrong time to raise taxes on capital gains because that grows the economy. so some of the worst will come about because of obamacare. >> just like the top line revenues with the medical device it is making money right now. >> there is a myth it will come out of executive bonuses. the health care industry will pass the increase and run up the health care cost that is driving up the budget problem. >> the bill coming across the table with the bill for hurricane sandy to go to the victims yet surprisingly are not, $23 million for their tree planting, of $4 million for new cars for the fbi. $2 million for a roof at the smithsonian. do they think we're stupid? >> i was working in the senate to during katrina. it is a wasteful process. we gave the localities a blank check. that is proposed here. but so much of the $60 billion is not spending on individual family is but on another gov
>> it is part of the fiscal cliff. the obamacare tax increases kick in next year. whether dividends, investment income why do we want to tax people investing? that is what we want. it is the wrong time to raise taxes on capital gains because that grows the economy. so some of the worst will come about because of obamacare. >> just like the top line revenues with the medical device it is making money right now. >> there is a myth it will come out of executive bonuses. the...
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Dec 14, 2012
12/12
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FBC
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why aren't the market's reacting to the fiscal cliff next. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional invesrs choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible lo of principal. tracy: what is up with the market? with the threat of another recession you think the market would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold cliff is priced appropriately. tracy: before you said if we take a step back the companies have never been strong
why aren't the market's reacting to the fiscal cliff next. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional invesrs choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible lo of...
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Dec 16, 2012
12/12
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FBC
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it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from thecato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfounately, many of the tax increases, if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find ourselves in the worst of both worlds. i still give it about a 5050 chance that tey come up with some sort of deal. but if they do, it won't be until christmas eve. tracy: for new year's eve at our? >> yes. tracy: most likely the deal will be extend middle-class tax cuts, wait until next year on the wealthy to discuss, basically we on everything until next year. when you do that, you know, you give up part of your bargaining power. should we come back in january and see a tax cut for the wealthy? >> re
it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from thecato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfounately, many of the tax increases, if we don't do something about taxes, i...
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Dec 17, 2012
12/12
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FBC
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why aren't the market's reacting to the fiscal cliff next. tracy: what is up with the market? with the threat of another recession you think the rket would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold cliff is priced appropriately. tracy: before you said if we take a step back the companies have never been stronger. >> you grew up in the business with stocks. with this terrible sentiment is great for stocks technically speaking the s&p looks good earnings estimates so by editor measures stocks are great. tracy: i worried about the earnings season? >> and seems 1/3 quarter will be the trough. not gain busters but we thought four 5% but then next year could be double digits. >> what is that? they cannot fall further? [laughter] >> i stay away from the money-center banks with balance sheet pr
why aren't the market's reacting to the fiscal cliff next. tracy: what is up with the market? with the threat of another recession you think the rket would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold...
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Dec 31, 2012
12/12
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and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa
and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march...
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Dec 27, 2012
12/12
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WMAR
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that is an effort to keep us from going over the fiscal cliff next week. >>> hollywood is celebrating as we close out 2012. it's been a big year in the movies. with the number of tickets sold in the u.s. up for the first time in three years. it's set to take a record $10.8 billion, with ticket sales up 5.6%. quite an accomplishment in the age of impressive home theaters. >>> meanwhile, when we come back, travelers weren't the only ones fed up with holiday deals. what an angry pilot had to say to his passengers about the matter. >>> also, proof that you do not have to be a kid to get excited over your christmas present. you really have to stay tuned for this. the family behind this viral video is sharing their joy. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter
that is an effort to keep us from going over the fiscal cliff next week. >>> hollywood is celebrating as we close out 2012. it's been a big year in the movies. with the number of tickets sold in the u.s. up for the first time in three years. it's set to take a record $10.8 billion, with ticket sales up 5.6%. quite an accomplishment in the age of impressive home theaters. >>> meanwhile, when we come back, travelers weren't the only ones fed up with holiday deals. what an angry...
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May 16, 2012
05/12
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CNBC
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my observation on the fiscal cliff next. [ male announcer ] this... is the at&t network. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪ to help business do more for customers. recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standards. let's do what's best for our students-by investing in our teachers. let's solve this. >> welcome back. we have breaking news from the imf. she is speaking on dutch tv. saying that the optimal solution for the euro zone is that greece agrees to the bailout and stays in the euro. making this news just moments ago on dutch television. optimal solution and greece agrees
my observation on the fiscal cliff next. [ male announcer ] this... is the at&t network. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪ to help business do more for...
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Dec 31, 2012
12/12
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. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks with state farm. when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. >>> millions of americans countin
. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480...
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Nov 20, 2012
11/12
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so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ ♪ i want candy ♪ ♪ i want candy >>> after losing the presidential election on november 6th, republican vice presidential nominee paul ryan went into the woods. there's no better medicine for paul, his brother told "the new york times," than getting out in the fresh air looking for birds. but as in the past w
so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog...
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Dec 28, 2012
12/12
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cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates and either take it up in whole or amend it. amending it, and changing that threshold down to closer to what president obama wants. a quarter million as a threshold. that seems more likely. we'll watch this meeting. we don't know what will happen, that's the truth much and we'll watch to see what will come out of it. does it seem like perhaps there is a spirit of compromise? or do they come out very far apart. an indication that it will be read as an indication we may go over t
cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house...
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Nov 20, 2012
11/12
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so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. >>> after losing the presidential election on november 6th, republican vice presidential nominee paul ryan went into the woods. there's no better medicine for paul, his brother told "the new york times," than getting out in the fresh air looking for birds. but as in the past when a republican number two has gone hunting, paul ryan appears to have missed the target. he returns to reflect with these thoughts on his electoral thumping. >> does barack obama now have a mandate? >> i don't think so because they reelected the house republicans. the ideas we talked about, they are popular ideas. >> could
so naturally, he's speaker boehner's choice to broker a deal on the fiscal cliff. that's next. >>> and chris christie makes a key stop on the road to the presidency. not iowa, it's "saturday night live." questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'....
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Dec 21, 2012
12/12
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CSPAN
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we will continue the conversation on the fiscal cliff and sequestration, what happens next? your calls and comments to paul broun and later rick larson as "washington journal." live coverage at 10:30 for the funeral services taking place here at the national cathedral. that is to pay tribute to senator daniel inouye. he has been in congress for more than 50 years. the president and vice president will pay tribute today at the washington national could trip -- cathedral. [video clip] >> he always had the moral courage to do the right thing. he had a compass that always directed him to his true north. a resolve to do a truly extraordinary things, things that few women or men ever contemplate or consider doing that. we all know on 1945, i had the privilege of being with him. we stopped with bob dole as well. they were on a mountain top, literally as the crow flies, i think it was only two miles on the same day, both mortally wounded in fighting for their country. just above the bridges above custody. because of danny's sense of honor, that is the only thin i can ascribe it to.
we will continue the conversation on the fiscal cliff and sequestration, what happens next? your calls and comments to paul broun and later rick larson as "washington journal." live coverage at 10:30 for the funeral services taking place here at the national cathedral. that is to pay tribute to senator daniel inouye. he has been in congress for more than 50 years. the president and vice president will pay tribute today at the washington national could trip -- cathedral. [video clip]...
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Dec 26, 2012
12/12
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first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as for as republicans are concerned, we're willing to negotiate and have a civil conversation, but also he's got to bring in some spending cuts and tax reform, because americans want tax reform and we don't want to hurt the economy, and, look there, are not enough millionaires in the united states to tax them al
first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in...
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Dec 24, 2012
12/12
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bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. the recent inquiry. how you feel about that? >> i feel really good about that. i follow this closely. expedia is a good partner of the inn that i own. i know how powerful they are. this consolidates them in europe. is it enough reason to buy expedia? i liked expedia beforehand. i like it even more now. shane in georgia. shane? >> caller: hey, jim. booyah from sunny, atlanta, georgia. merry christmas. >> same to you. i like the falcons here. i like them. i got julio. j.j. is on my team. he's done fabulous. i know he watches. thank you. go ahead. julio is a close fan of "mad money." >> caller: with the fiscal cliff looming and with today's pullback and available funds to be invested, las vegas sands is a fine sales to income growth in china, asia and nevada and with p & e of 26.9 in a buy recommendation reiterated today, is now the time to be on the l
bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. the recent inquiry. how you feel about that? >> i feel really good about that. i follow this closely. expedia is a good partner of the inn that i own. i know how powerful they are. this consolidates them in europe. is it enough reason...
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Dec 3, 2012
12/12
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. >>> as each day ticks by, the nation edges closer to going over the fiscal cliff. democrats and republicans cannot agree how to raise revenue and cut spending. on january 1st, as many of you know, taxes go up and doeep spending cuts take effect. the sunday talk shows reflect how far apart they are what we will not do is extend those tax cut force the wealthiest americans. there's no possibility that we will find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> speaker boehner added he is flabbergasted by the administration's proposals while secretary geithner said he believes a deal can be reached by the end of the year. >>> we could find out this morning if the supreme court will take up the issue of same-sex marriage. at 9:30 eastern, the court releases its orders list. there's a possibili
. >>> as each day ticks by, the nation edges closer to going over the fiscal cliff. democrats and republicans cannot agree how to raise revenue and cut spending. on january 1st, as many of you know, taxes go up and doeep spending cuts take effect. the sunday talk shows reflect how far apart they are what we will not do is extend those tax cut force the wealthiest americans. there's no possibility that we will find a way to get our fiscal house in order without those tax rates going...
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Nov 30, 2012
11/12
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we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn foreign affairs reporter elise labott is in washington to explain what it all means. why do the u.s. and israel think this is not a good move for -- for palestinians? >> well, christine, i mean, it signals the frustration on the part of the world, and the lack of the peace process. and what the u.s. is saying is that it really doesn't give the palestinians what they want, which is an actual state. it doesn't give them borders. it doesn't give them any sovereignty. and so all of their u.s. argues is going to do is antagonize israel and lead to more frustration if israel withdraws -- withholds revenue, with it'
we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn...
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Dec 27, 2012
12/12
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cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use
cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car...
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Dec 29, 2012
12/12
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you'll find links and the latest over the battling turnover fiscal cliff. we'll see you here next week on "washington week." good night and happy new year. >> funding for "washington week" is provided by -- >> this rock has never stood still. since 1875 we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years from insurance to investment management, from real estate to retirement solutions, we've developed new ideas for the financial challenges ahead. this rock has never stood still. and that's one thing that will never change. prudential. corporate fund for "washington week" is provided by -- norfolk southern, boeing. additional funding for "washington week" is provided by the annenburg foundation. the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. >> ♪ a-wimoweh a-wimoweh a-wimoweh a-wimoweh eee... ♪ >> join us for "the weavers: wasn't that a time" -- the award-winning classic film that documents the career of am
you'll find links and the latest over the battling turnover fiscal cliff. we'll see you here next week on "washington week." good night and happy new year. >> funding for "washington week" is provided by -- >> this rock has never stood still. since 1875 we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years from insurance to investment management, from real estate to retirement...
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Dec 6, 2012
12/12
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. >>> time, as we know, is of the essence as we inch ever closer to the fiscal cliff. so why is the house adjourned until next tuesday? it turns sought they have some other important business to attend to. for example, in about an hour members of the north carolina and georgia delegations will attend their annual red necks and turtlenecks party where they will dress up in their tackiest sweaters and drink pink martinis at a well-known washington watering hole. they're clearly neither shaken nor stirred by the fiscal cliff. joining us is congresswoman jan chakowski from illinois. >> good afternoon. >> can i thank you for remaining at work given the urgency of the situation. speaker boehner says raising tax rates on the top 2% is unacceptable without serious entitlement reform. and a few hours ago nancy pelosi wondered what exactly he had in mind. take a listen. >> what are we talking about here? what are we talking about when we say restructure entitlements? what does restructure mean? destroy, wither on the vine, voucherize, or does it mean let's work together to make
. >>> time, as we know, is of the essence as we inch ever closer to the fiscal cliff. so why is the house adjourned until next tuesday? it turns sought they have some other important business to attend to. for example, in about an hour members of the north carolina and georgia delegations will attend their annual red necks and turtlenecks party where they will dress up in their tackiest sweaters and drink pink martinis at a well-known washington watering hole. they're clearly neither...
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Nov 15, 2012
11/12
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KRON
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topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states has got to lead. >> reporter: mr. obama maintained his ideas for tackling budget problems are what earned him another term. >> i think every voter out there understood that that was an important debate. and the majority of voters agreed with me. >>> and david petraeus will testify on the terrorist attacks on the u.s. consulate in libya. am four people were killed. there had been some question about whether he would testify after he resigned friday. senator diane feinstein says he could appear before the senate intelligence committee as early as friday. >>> we're learning that the fbi agent responsible for triggering this whole investigation into
topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states has got to lead. >>...
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Dec 31, 2012
12/12
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FBC
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending i
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain...
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Dec 19, 2012
12/12
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we are going to go to the next fiscal cliff. >> it is not going to solve the problems. it is going to require something between 4 and $6 trillion over the next decade. the bulk of that has to be on the spending side. and so, we are not going to see anything like that between now and the end of this year. we will need to do mufundamenta tax reform and that is proving to be difficult. regardless of what you think of in washington, that is not going to be over. >> two quick things. the pay roll tax cut is dead? >> it looks that way. let me ask you first of all. does a debt ceiling increase have to be part of this package? it does have to happen. we have to raise the debt ceiling there is no question about that. many believe it provides the public with conservatives. i think getting that done and getting on to the substance of reform should be the agenda. >> the last one, dog. the alternative minimum tax. will that be patched in this deal? >> it has to be. >> all right great stuff. thank you very much. we appreciate it. we are going to get back to the stock markets. it has
we are going to go to the next fiscal cliff. >> it is not going to solve the problems. it is going to require something between 4 and $6 trillion over the next decade. the bulk of that has to be on the spending side. and so, we are not going to see anything like that between now and the end of this year. we will need to do mufundamenta tax reform and that is proving to be difficult. regardless of what you think of in washington, that is not going to be over. >> two quick things. the...
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tracy: the clock is ticking closer to the fiscal cliff. our next guest says it is not the weight, it is the outcome holding major deals. joining us now, the fiscal cliff seems to be holding everyone hostage, doesn't it? >> of course unless you need to make a decision now on anything, an accusation is a major long-term investment. committing to it at this point when you can wait for a couple of months and know what the economy is going to be doing. tracy: all aspects are in a holding because of the fiscal cliff. the worst m&a activity since the financial crisis. >> it is slower right now than it was a year ago. most people have predicted for 2012 we would have very strong m&a activity. lots of cash, lots of pent-up demand because activity levels had been lower, and very attractive financing market. so all of that is usually for deals. but partially the overhang of europe and china, but more than anything else the fiscal cliff and the inflection, people are just waiting. tracy: during the financial crisis you cannot get any liquidity, now yo
tracy: the clock is ticking closer to the fiscal cliff. our next guest says it is not the weight, it is the outcome holding major deals. joining us now, the fiscal cliff seems to be holding everyone hostage, doesn't it? >> of course unless you need to make a decision now on anything, an accusation is a major long-term investment. committing to it at this point when you can wait for a couple of months and know what the economy is going to be doing. tracy: all aspects are in a holding...
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Dec 30, 2012
12/12
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>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
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Dec 24, 2012
12/12
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you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter travelers. what you need to know before heading out this christmas eve, next. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. progressive direct and
you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter...
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Nov 30, 2012
11/12
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smart strategies next on how to play the fiscal cliff talks and the jobs report next week, if you dare. >>> plus, it's one of life's biggest questions. no, not what's the meaning of life or why are we here or what do women want. but how do you -- how much do you need to be happy? money wise? our robert frank says he knows. robert? >> thanks, tyler. i'm pretty sure the folks that just won that powerball jackpot are feeling pretty good right now. but you don't have to win the lottery to feel happy or wealthy. we'll tell you how much it really takes for both after the break. >>> in october 2004, our nation debt was $7.4 trillion. today that number has more than doubled to over $16 trillion. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. when you take a closer look... ...at the
smart strategies next on how to play the fiscal cliff talks and the jobs report next week, if you dare. >>> plus, it's one of life's biggest questions. no, not what's the meaning of life or why are we here or what do women want. but how do you -- how much do you need to be happy? money wise? our robert frank says he knows. robert? >> thanks, tyler. i'm pretty sure the folks that just won that powerball jackpot are feeling pretty good right now. but you don't have to win the...
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Oct 4, 2012
10/12
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what it has to do with the so-called "fiscal cliff" is next. three weeks after the murders of the united states ambassador and three other americans, the f.b.i. makes a quick visit to the scene of the crime. the latest on that investigation. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...bone is for a clean,o go wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>trace
what it has to do with the so-called "fiscal cliff" is next. three weeks after the murders of the united states ambassador and three other americans, the f.b.i. makes a quick visit to the scene of the crime. the latest on that investigation. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...bone is for a clean,o go wedomestic energy future that puts us in...
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Nov 9, 2012
11/12
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week for urgent talks on the fiscal cliff. this is no exaggeration because early next year trillions of dollars in tax increases and automatic spending cuts will come into effect. and so in his first public statement since tuesday's emphatic victory, the president pushed for a deal on tax cuts for the middle class arguing there's no reason for them to be linked to tax cuts for the wealthy. >> let's not wait. even as we're negotiating a broader deficit reduction package, let's extend the middle class tax cuts right now. it would immediately take a huge chunk of the economic uncertainty off the table. >> the president said that his re-election means that voters support what he called a balanced approach to deficit reduction. meaning that historically low rates for higher earners should now expire. >> i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in ta
week for urgent talks on the fiscal cliff. this is no exaggeration because early next year trillions of dollars in tax increases and automatic spending cuts will come into effect. and so in his first public statement since tuesday's emphatic victory, the president pushed for a deal on tax cuts for the middle class arguing there's no reason for them to be linked to tax cuts for the wealthy. >> let's not wait. even as we're negotiating a broader deficit reduction package, let's extend the...
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Dec 30, 2012
12/12
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cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt ceiling for a dollar in reductions. i actually laid out a bill to do that this week with lamar alexander. but i think what's been missing here, candy, is it appears to me that the president either lacks the courage or the will to lay out those specific things that need to happen because i assure you, if he would lay those out, the house would take it up, the senate would take it up, and we could move this behind us and we can start this next year with the wind at our back in this fiscal issue behind us like most of us would like to do. >> you know and i know that's not going to happen
cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt...
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Sep 27, 2012
09/12
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CNN
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one thing about the fiscal cliff, though. i want people to be aware, next year the payroll tax holiday is going to go away, so you'll get a little bit less out of your paycheck. maybe $45 less. so a lot of things are changing for your money. it's really important. the one thing you need to know about your money today, futures are signaling a higher open for stocks. how it ends, though, today, depends on the economic data. looking up for housing and confidence. we'll get durable goods, jobless claims, and housing sales. >> thank you. >> thanks, christine. >>> national treasure is going green, and we're not talking about recycling or solar panels. that story, see it there? that story is coming up. >> algae green, right? >> algae green. 8% every 10 years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and pro
one thing about the fiscal cliff, though. i want people to be aware, next year the payroll tax holiday is going to go away, so you'll get a little bit less out of your paycheck. maybe $45 less. so a lot of things are changing for your money. it's really important. the one thing you need to know about your money today, futures are signaling a higher open for stocks. how it ends, though, today, depends on the economic data. looking up for housing and confidence. we'll get durable goods, jobless...
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Nov 19, 2012
11/12
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according to our next guest the tax status is up in the air because of fiscal cliff deal could mean tax deductions will be limited and could keep the status only in those in the tax bracket status of 28% and below. let's take a deeper dive with president and ceo of laventhol and company. what are the odds of this happening? >> before hurricane sandy there was a much greater likelihood of the tax exempt on the block. after sandy there is so much focus on the need to rebuild and the debt that would have to be issued and what local communities will have to pay in terms of cost to borrowing that it is less of a likelihood but i will say from the entire 20 whatever years i have been in the business i think this is the first time that the threat to tax exemption is stronger. >> are you finding that investors are coming to your office panicked? should i do something now? should i sell? >> yields have come down significantly so they are not panicking. what we had seen pretty much since the election was that municipals were rallying. the one thing we all have to remember is that the likelihood o
according to our next guest the tax status is up in the air because of fiscal cliff deal could mean tax deductions will be limited and could keep the status only in those in the tax bracket status of 28% and below. let's take a deeper dive with president and ceo of laventhol and company. what are the odds of this happening? >> before hurricane sandy there was a much greater likelihood of the tax exempt on the block. after sandy there is so much focus on the need to rebuild and the debt...
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Dec 11, 2012
12/12
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>> is that really a -- >> le whaf. >>> coming up next, it is the fiscal cliff consequence that could fall right into your backyard. up next, a top expert breaks down why no deal could have big implications for a city near you. >>> and later, it's a trade of the day that you can ride all the way to the bank. karen is getting ready to do the big reveal, so stick around. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#:
>> is that really a -- >> le whaf. >>> coming up next, it is the fiscal cliff consequence that could fall right into your backyard. up next, a top expert breaks down why no deal could have big implications for a city near you. >>> and later, it's a trade of the day that you can ride all the way to the bank. karen is getting ready to do the big reveal, so stick around. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're...
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Dec 17, 2012
12/12
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there will be sure to buy housing-related play into the fiscal cliff jump if we get one next week. oh, and i'm including banks. they've really taken off here, too. in large part that is because the housing crisis is over. how about the rest of the world's growth? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the l
there will be sure to buy housing-related play into the fiscal cliff jump if we get one next week. oh, and i'm including banks. they've really taken off here, too. in large part that is because the housing crisis is over. how about the rest of the world's growth? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to...
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Oct 25, 2012
10/12
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businesses have put projects on hold, due to political uncertainty, and worries about the fiscal cliff. but the most important factor is the economy: >> you might expect that as the housing recovery gets a little bit of pace over the next year or so, that should translate into stronger hiring going forward. we are not going to return to levels we were at before the recession, the housing sector is not going to be that big again. but the trend should be up. >> reporter: if construction improves, it's good for the economy as a whole. according to trade association figures, every billion dollars spent on construction creates 28,000 jobs throughout the economy. erika miller, "n.b.r.," new york. >> susie: tomorrow, we tackle the rental market, and one especially hot market for renters, as we continue our week-long look at the housing comeback. >> tom: from housing to manufacturing. manufacturing has been a bright spot in the u.s. economy, but its outlook may be dimming. a preliminary report for october shows demand for u.s. products is beginning to wane, threatening to turn manufacturing in
businesses have put projects on hold, due to political uncertainty, and worries about the fiscal cliff. but the most important factor is the economy: >> you might expect that as the housing recovery gets a little bit of pace over the next year or so, that should translate into stronger hiring going forward. we are not going to return to levels we were at before the recession, the housing sector is not going to be that big again. but the trend should be up. >> reporter: if...
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Dec 24, 2012
12/12
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we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those tax cuts for l all, some americans, people making less than $250,000 a year, they could have done that. they didn't. why do you believe the democrats really want to do something they no longer have the votes to do when they could have done it when they had the votes. that's one part of the fiscal cliff. the other part is the sequester, which saves money. the president wants to end that. and the third part is $1 trillion in obama's taxes. that's the obama care taxes they hid from you because they're all scheduled to come in after he got safely elected. >> let's go
we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those...
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Dec 24, 2012
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cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece. no more borrowing without addressing why we're in debt to begin with. that's where the real chance for change occurs, at the debt ceiling debate. >> we're joined now by ralph sill voe. it's christmas eve. do you have some plans to do? >> it's an austerity christmas, actually. just a couple friends getting together and a couple of friends getting together and having a nice meal. >> it is not an austerity christmas. >> it actually is. we haven't had the greatest year. everything we hoped would happen. we thought this economy was going to turn around at the summer period. >> ralph, if you take a look at the stock market concerns, the dax is up 20%. >> there will be plenty of alcohol to forget. >> do you think we're going to manage to see some type of a resolutio
cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece. no more borrowing without addressing why we're in debt to begin with. that's where the real chance for change occurs, at the debt ceiling debate. >> we're joined now by ralph sill voe. it's christmas eve. do you have some plans to do? >>...
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Nov 14, 2012
11/12
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. >> the idea solving the fiscal cliff crisis with tax deductions may raise revenue from the wealthy. the full story on that coming up next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the
. >> the idea solving the fiscal cliff crisis with tax deductions may raise revenue from the wealthy. the full story on that coming up next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's...
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Dec 21, 2012
12/12
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what happens next with the fiscal cliff and next for speaker boehner if he can't rally his own party for his leadership position and ability to negotiate? >> let's start with that. a lot of answers to that will lie in what happens next with regard to any kin of big deal. as we approach december 1st, just around the corner. will there be a deal that is kind of done outside of him? maybe with the republican leader in the senate? and -- so he can step back and let things happen? something comes to the house, a majority of democrats could vote for it, and maybe enough republicans to get it over the top? even that could hurt his leadership. it's an open question. surprising given the fact that he has had a very, very difficult time. leading a very fractious caucus, particularly in 2010. a lot of people elected who simply came for one reason and one reason only, to cut spending, didn't care about getting re-elected, didn't care about following leadership, and he knows how to legislate, know where is the votes are, and miscalculated this. a big question mark. where do we go from here? he'll
what happens next with the fiscal cliff and next for speaker boehner if he can't rally his own party for his leadership position and ability to negotiate? >> let's start with that. a lot of answers to that will lie in what happens next with regard to any kin of big deal. as we approach december 1st, just around the corner. will there be a deal that is kind of done outside of him? maybe with the republican leader in the senate? and -- so he can step back and let things happen? something...